During trading today, both the Financial sector (XLF) and the S&P500 showed little movement.
The ETF has moved down across its 50-day moving average of $15.34 today. The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past week. As trading began today, XLF was down 2.6% over the last seven trading days while the S&P 500 climbed -1.9%.
Firstbank Corporation (FBMI) was a significant gainer in the sector, rising 7.5%. The stock closed at $9.69 with 39,601 shares moving. The stock traded in a range of $9.13 to $9.89.
Deutsche Bank (DB) was a major loser in the sector. Its price dropped 4.6% (-$2.16) to close at $44.30, as 2.4 million shares moved. The stock traded in a range of $44.29 to $45.95. Share price is up $5.46 (11%) from $49.76 on March 14, 2012.
Blackrock New Jersey Municipal Bond Trst (BLJ) rose 1.8% to close at $16.27, cross its 50-day moving average of $16.19 and 200-day moving average of $15.47.
World Acceptance (WRLD) rose 0.9% to close at $59.01, approaching its 50-day moving average of $62.88. It has also moved closer to its 200-day moving average of $65.05. JPMorgan Chase & (BRK.A) fell 3.6% to close at $43.21, moving closer to its 50-day moving average of $43.12. Also, the stock moved closer to its 200-day moving average of $116367.42.